Crazy Eddie and the Art of Stock Fraud

Crazy Eddie and the Art of Stock Fraud

Spotting a stock fraud is extremely difficult, but finding some smoke is significantly easier. Founded by Eddie Antar, Crazy Eddie was a chain of consumer electronic stores in the Northeast. After going public in the 1980s, the stock became nearly a ten-bagger before investigators found it to be a fraud. Investors may not have suspected that the retailer boosted profit margins by manipulating a cash skim, but there were some other signs that the soaring stock price didn’t tell the whole story. Ricky Mulvey talked with Gary Weiss, author of “Retail Gangster: The Insane, Real-Life Story of Crazy Eddie” about: - Why investors bought into Eddie Antar’s hype - How criminals save money on sales tax - The eventual downfall of Crazy Eddie Host: Ricky Mulvey Guest: Gary Weiss Engineers: Rick Engdahl, Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(2103)

All About the Ads

All About the Ads

Viewers may hate them, but ads are the future everywhere we go online. For investors that might be a good thing. Tim Beyers and Deidre Woollard discuss: - If Disney’s price increases will push subscr...

10 Aug 202334min

Follow the Cash: Celsius, Chegg, Nelnet

Follow the Cash: Celsius, Chegg, Nelnet

Earnings from Chegg, Celsius, and Nelnet show why it pays to watch cash flow and how businesses can shore up when there’s cash on hand.  (00:21) Jim Gillies and Dylan Lewis discuss: - Celsius incred...

9 Aug 202324min

Eli Lilly's Optimism

Eli Lilly's Optimism

By one count, a drugmaker founded in 1876 is a more expensive stock than Tesla. (Time Stamp)  Ricky Mulvey and Bill Barker discuss: - Tesla’s CFO departure. - Eli Lilly hitting an all-time high, and ...

8 Aug 202320min

Berkshire Is Back

Berkshire Is Back

Berkshire Hathaway bounced back from a recent loss with strong net income and billions in cash waiting for action. Jason Moser and Deidre Woollard discuss: - The value of solid insurance underwriting...

7 Aug 202317min

Fast Food Innovation

Fast Food Innovation

Cola-flavored ketchup, Taco Bell’s musical for Mexican Pizza, and McDonald’s Grimace Shake are just some of the ways that food companies are fighting for your attention. But does social media buzz tra...

6 Aug 202320min

How to Beat the Market

How to Beat the Market

Everybody wants to beat the market. But how does one actually … beat the market?    Ricky Mulvey and Anand Chokkavelu got together to explore different camps within the world of investing – from sho...

5 Aug 202325min

U.S. Hits AA+ and the iPhone Slumps

U.S. Hits AA+ and the iPhone Slumps

Apple’s having the bad kind of “iPhone moment” and one restaurant chain is showing great growth without raising prices.  (00:35) Jason Moser and Bill Mann discuss: - Fitch downgrading U.S. credit and...

4 Aug 202339min

An E-Commerce Trifecta

An E-Commerce Trifecta

Shopify pushes merchant services, Etsy tries to find its footing, and MercadoLibre continues to dazzle. (00:20) Tim Beyers and Deidre Woollard discuss: - If Shopify is actually a fintech now. - The i...

3 Aug 202336min

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